AMC Networks Adds 100,000 Streaming Subscribers in Q3 Following Two Straight Quarters of Decline
variety.comJennifer Maas TV Business Writer AMC Networks reported its third-quarter 2023 earnings Friday, revealing it had added 100,000 subscribes across AMC+ and its other niche streamers in Q3, following two straight quarters of declining subs.
Streaming subscribers stand at 11.1 million as of Sept. 30, up 1% from where they ended at 11 million at the conclusion of Q2 in June.
Meanwhile, U.S. ad sales were down 18% for the company. AMC Networks lost 300,000 subscribers across its streaming services in Q1, falling from 11.8 million at the end of 2022 to 11.5 million by March 31.
In Q2, that decline continued with streaming subs down to 11 million at the end of June. In August, AMC Networks reported that, due to an update in subscriber definition, which no longer includes estimated subscriber conversions, streaming subscribers actually totaled 11.2 million at the end of Q1.
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